Overview
- Sinclair said in an SEC filing that it bought about 8.2% of Scripps’ Class A non‑voting shares and has held merger talks for months.
- The company estimated its proposal at roughly three times Scripps’ recent trading price and outlined a nine to twelve month timeline to close.
- Sinclair stated the combination would require no external financing and projected about $300 million in annual cost savings.
- Scripps responded that its board will evaluate options that enhance shareholder value and will act to protect the company from opportunistic moves.
- Any tie‑up would face the FCC’s 39% national reach cap, a rule now under renewed debate, as the local TV sector sees consolidation including Nexstar’s pending Tegna deal.